Swiss perfume, taste and ingredient producer Givaudan reported better-than-expected gross sales for the primary 9 months of 2026, with progress accelerating within the third quarter, pushed primarily by fantastic perfume.
Gross sales totaled CHF 5.89 billion (EUR 6.32 billion) from January to September, up 5.2% on a like-for-like foundation, excluding forex results and acquisitions, and a pair of.6% in Swiss francs. Analysts surveyed by Swiss information company AWP had forecast gross sales of CHF 5.78 billion for the interval from January to September 2026.
Third-quarter gross sales rose 8.6% on a like-for-like foundation to 2.09 billion francs. The Perfumery and Magnificence enterprise grew by 13.5%, whereas Style and Wellbeing posted a 3.5% enhance, in line with the group.
“After a reasonable begin to the yr, Givaudan achieved the anticipated acceleration in progress within the third quarter, together with within the Style and Wellbeing phase, which had just lately stagnated,” stated Daniel Bürki, an analyst at Zürcher Kantonalbank. He added that “the optimistic shock got here primarily from fantastic perfume.”
Over the primary 9 months, fantastic perfume gross sales elevated by 15.3%, regardless of a excessive comparability base following 5 years of sturdy progress because the post-Covid restoration.
Purposeful perfume, overlaying functions comparable to laundry detergents, private care merchandise and family cleaners, superior by 9.3%. Against this, gross sales in Magnificence Care declined by 2.5%.
Regardless of weaker efficiency in North America, Givaudan’s Style and Wellbeing division recorded 1.5% progress over the nine-month interval, in contrast with 0.5% within the first half of the yr.
The development within the third quarter suggests the division is “turning a nook,” in line with Arben Hasanaj, an analyst at Vontobel. Perfume stays the group’s “star enterprise,” he added.
Lastly, Givaudan reiterated its medium- to long-term goal of annual like-for-like gross sales progress of 4% to six% by 2030. The group additionally confirmed that worth will increase have been being applied to offset increased uncooked materials prices.
In early June, Givaudan introduced the acquisition of a stake in Barcelona-based perfume producer Eurofragance, additional strengthening its perfumery actions. The transaction worth was not disclosed.
